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Arlington

What's Happening to Rents in the Boston Area?

Rents have continued to rise across Massachusetts and are up double digits year-over-year in most communities. For example, in Boston, Arlington, Lexington, Somerville, Cambridge, and Allston, rents are up across the board for all apartment types. The rise in mortgage rates has pushed some potential buyers into the rental market, supporting demand for apartments. Inflation and a weaker economy could dampen these pressures in 2023.

What's Happening in the Boston Real Estate Market?

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The Boston area real estate market is showing early signs of slowing after an extended period of being very hot. Inventory is still low, but affordability has taken a significant hit from higher mortgage rates. Marginal buyers are reluctant to lock in the higher financing costs, and some potential homebuyers are leaving the market and [...]